{
  "id": 12034027,
  "title": "Tony Elumelu’s Heirs Energies raises Seplat stake to 21%",
  "url": "https://urgent.news/2026/10/05/tony-elumelus-heirs-energies-raises-seplat-stake-to-21-12034027",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-05T00:20:18.000Z",
  "source": {
    "name": "Punch",
    "slug": "punch",
    "url": "https://punchng.com/tony-elumelus-heirs-energies-raises-seplat-stake-to-21/"
  },
  "original_language": "en",
  "account": "Heirs Energies Limited, an indigenous energy company chaired by billionaire Tony Elumelu, has increased its stake in Seplat Energy Plc to 21%. The Nigerian energy sector is attracting more domestic institutional investors, as shown by the acquisition. Heirs Energies Limited purchased 6 million ordinary shares in Seplat on October 30, 2026, at £8.87 per share. This brings the energy firm's direct holding to 27,943,867 shares. Combined with Heirs Holdings Limited, controlled by Elumelu, they now control a combined 126,400,000 shares, or 21.07% of Seplat's 599,944,561 issued ordinary shares. This insider transaction follows international capital market standards.",
  "summary": "Heirs Energies, chaired by Tony Elumelu, has increased its stake in Seplat Energy to 21.07% after acquiring 6 million additional shares on the LSE. Read More: https://punchng.com/tony-elumelus-heirs-energies-raises-seplat-stake-to-21/",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Punch Nigeria",
        "title": "Tony Elumelu’s Heirs Energies raises Seplat stake to 21%",
        "url": "https://urgent.news/2026/10/05/tony-elumelus-heirs-energies-raises-seplat-stake-to-21",
        "published": "2026-10-05T00:16:41.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}